Feeling stressed about these uncertain times? One of the best antidotes to this stress is to explore the “what ifs,” and do some planning and preparation around them. How would your organization fare under stress?
What if the economy dives into a recession? What if a key staffer, or several, left your organization? What if your lead program suddenly became irrelevant because of a victory, or a change in political landscape? What if opponents tarnish your reputation?
Many economists say that a recession is looming–and that we are starting to see early signs of a downward turn. The time to get prepared is before the worst of it hits. In this session, we’ll talk about stress-testing your financial position. We’ll show you how to do financial scenario planning so you can create your own contingency plan.
And because we are facing more than just financial uncertainty, we’ll walk through stress-testing your staffing, board, program, and more.
Are you ready for what lies ahead? What can you do to be even more ready?
Please take a moment to give us your feedback and evaluate this webinar.
Additional Tools:
- Budget Toolkit– including TREC’s Budget Template
- TREC 2019 Salary Report
Related Resources
How to Conduct an Organizational Assessment
A brief tutorial that will guide you through a step-by-step self-assessment of your organization. Walk through key indicators of organizational health and learn what to strive for in each. Follow along while you complete TREC's Organizational Effectiveness Self-Assessment.
Taking the Mystery Out of Financial Management
Take the mystery out of financial management by watching this short tutorial! Review the most important aspects of financial management, boiled down to 4 key questions.
Board Term Limits
Rotation is a healthy and natural way of providing change and necessary transformation for boards. Regularly bringing in new board members helps keep away stagnation and provides the board opportunities for renewal. This resource reviews the importance of Board Term Limits and discusses the advantages and concerns to take into consideration for your Board.